VinFast Auto (NASDAQ:VFS) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a report issued on Monday, Benzinga reports. They currently have a $8.00 target price on the stock.

Other analysts also recently issued reports about the company. Chardan Capital reissued a buy rating and set a $13.00 price objective on shares of VinFast Auto in a research report on Monday, May 13th. BTIG Research lowered their target price on VinFast Auto from $8.00 to $5.00 and set a buy rating for the company in a report on Thursday, April 18th.

VinFast Auto Trading Up 3.7 %

Shares of VFS opened at $4.20 on Monday. VinFast Auto has a one year low of $2.26 and a one year high of $93.00. The stock has a 50 day moving average price of $4.05 and a 200 day moving average price of $5.01.

VinFast Auto (NASDAQ:VFS) last issued its quarterly earnings results on Wednesday, April 17th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The company had revenue of $302.65 million during the quarter, compared to analysts’ expectations of $562.27 million. Equities analysts anticipate that VinFast Auto will post -0.94 earnings per share for the current fiscal year.

Institutional Trading of VinFast Auto

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wolverine Asset Management LLC acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $28,000. Qsemble Capital Management LP purchased a new position in VinFast Auto in the first quarter valued at about $87,000. Daiwa Securities Group Inc. purchased a new position in VinFast Auto in the first quarter valued at about $195,000. SG Americas Securities LLC purchased a new position in VinFast Auto in the fourth quarter valued at about $329,000. Finally, Capstone Investment Advisors LLC purchased a new position in VinFast Auto in the first quarter valued at about $342,000.

About VinFast Auto

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.